Visa® Credit Card Rates
Rates effective beginning November 21, 2008. APR = Annual Percentage Rate.
| Annual Percentage Rate (APR) for purchases Visa Platinum, Gold, or Classic | As low as 7.00%Prime Plus 3%. Minimum APR 7.00%. Prime as of 10/31/08: 4.00% (See Variable Rate Information below) |
|---|---|
| Variable-Rate Information | Your APR may change monthly. The rate for purchases, cash advances, and balance transfers is determined by adding a "margin" ranging from 3.00% to 10.5% (based upon your credit history) to the Prime Rate.* |
| Other APRs (Balance Transfer and Cash Advance APR same as Purchase APR — see above) | Repeated Late Payment Penalty APR: 17.5% (Fixed) — See explanation below.** |
| Grace Period for Repayment of NEW Purchases | Not less than 25 days on new purchase amounts if the total New Balance is paid in full each month by the Payment Due Date on your billing statement and there is no cash advance activity. |
| Method of Computing Balance for Purchases and Advances | Average Daily Balance (including new purchases) |
| Minimum Payment Due | This figure will be reflected on your statements and will be either: (a) 1.5% of your Ending Statement Balance, rounded to the nearest dollar, or $10, whichever is greater, or (b) your Payoff Amount if less than $10. |
| Annual Fees | NONE |
| Minimum Finance Charge | NONE |
| Foreign Currency (based on transaction amount) | Conversion Fee: 2%. Conveyance in US Funds Fee (no conversion necessary) 0.80% |
Cash Advances Transaction fee: NONE — Balance Transfer fee: NONE — Late Payment fee: $30.00 per occurrence — Overlimit fee: $30.00 per occurrence |
* The Prime Rate used to determine your APR is the Prime Rate as published in the Wall Street Journal at the end of the month immediately preceding the start of each billing cycle.
** At any time your Account becomes thirty (30) days past due twice in any six (6) month period, FINANCE CHARGES on the entire balance will be calculated at the default ANNUAL PERCENTAGE RATE of 17.50%.
Please contact us at any branch, by emailing us at dcu@dcu.org or by calling 508.263.6700 or 800.328.8797 if you wish to ascertain what changes, if any, have been made to the Credit Union's Visa credit card program since that date.
| Annual Percentage Rate (APR) for purchases with Secured Visa Platinum, Gold, or Classic | 8.9% |
|---|---|
| Other APRs (Balance Transfer and Cash Advance APR same as Purchase APR — see above) | Repeated Late Payment Penalty APR: 17.5% (Fixed) — See explanation below.* |
| Grace Period for Repayment of NEW Purchases | Not less than 25 days on new purchase amounts if the total New Balance is paid in full each month by the Payment Due Date on your billing statement and there is no cash advance activity. |
| Method of Computing Balance for Purchases and Advances | Average Daily Balance (including new purchases) |
| Minimum Payment Due | This figure will be reflected on your statements and will be either: (a) 1.5% of your Ending Statement Balance, rounded to the nearest dollar, or $10, whichever is greater, or (b) your Payoff Amount if less than $10. |
| Annual Fees | NONE |
| Minimum Finance Charge | NONE |
| Foreign Currency (based on transaction amount) | Conversion Fee: 2%. Conveyance in US Funds Fee (no conversion necessary) 0.80% |
Cash Advances Transaction fee: NONE — Balance Transfer fee: NONE — Late Payment fee: $30.00 per occurrence — Overlimit fee: $30.00 per occurrence |
* At any time your Account becomes thirty (30) days past due twice in any six (6) month period, FINANCE CHARGES on the entire balance will be calculated at the default ANNUAL PERCENTAGE RATE of 17.50%.
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Digital Federal Credit Union
220 Donald Lynch Boulevard PO Box 9130 Marlborough, MA 01752-9130 508.263.6700 • 800.328.8797 |
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© 2008. Digital Federal Credit Union